FedEx is spinning off its freight business

FedEx will spin off its freight business into a new publicly traded company.FedEx Freight will separate from FedEx over the next 18 months.Express delivery services have seen slowing demand for their services.FedEx is spinning off its freight arm into a new publicly traded company.Advertisement Called FedEx Freight, the new company will handle large cargo, while FedEx will continue to handle the parcel shipping business that shoppers might be more familiar with as their holiday packages arrive.The separati ...